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Shell Looks To Sell

Shell, Tunisia’s top gas producer, is looking to offload its Hasdrubal and Miskar fields. Together the fields produced 146mn cfd for 2016, 68% of Tunisia’s total gas output, as well as 7,600 b/d of oil (see table above). On a net basis 2016 output was 22,000 boe/d, Shell says.

The company, midway through plans to offload $30bn in global assets, values the Tunisian stakes at $500mn, Reuters reports. The interests came via Shell’s February-2016 takeover of BG.

Shell has threatened to take Tunisia to international arbitration over the $380mn it claims it is owed as reimbursement from BG’s development costs at Hasdrubal (MEES, 17 February).(CONTINUED - 105 WORDS)